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Tag Archives: Mcgraw-Hill Companies

McGraw-Hill to Sell Education Business to Apollo for $2.5 Billion

After a year of planning and speculation the news is finally out:   The McGraw-Hill Companies (NYSE: MHP) (“the Company”) announced it has signed a definitive agreement to sell its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management, LLC (NYSE: APO) (collectively with its subsidiaries, “Apollo”), for a purchase price of $2.5 billion, subject to certain closing adjustments.  ... Read More »

Financial Inclusion and Literacy: McGraw-Hill and Better Business Bureau Launch Free Personal Finance App for Military Families

The McGraw-Hill Companies (NYSE: MHP), in partnership with Better Business Bureau (BBB), launched a free mobile app designed to help America’s military families make better personal decisions to ensure their financial independence.  The Military & Money App is the first financial educational app that provides service members and their spouses easy-to-use and practical money management tips, including tools to reduce ... Read More »

McGraw-Hill Companies Q2 Revenues Decreased by 1% – EPS Increased by 11% Driven by Cost Reduction

The McGraw-Hill Companies (NYSE: MHP) reported revenue of $1,547 million in the second quarter, a decrease of 1% compared to the same period last year, as a result of a 5% increase at McGraw-Hill Financial and a 12% decline at McGraw-Hill Education. Net income from continuing operations increased 2% to $216 million and diluted earnings per share increased 11% to ... Read More »

McGraw-Hill Companies Prepares for Education Company Spin-off with Management Appointments

McGraw-Hill Companies (NYSE: MHP) announced further steps to establish the new, independent company, McGraw-Hill Education, by the end of this year.  The process of creating this new entity requires multiple changes across operating and support functions to both separate the education segment from The McGraw-Hill Companies and to stand up McGraw-Hill Education as an independent, digital learning and education services ... Read More »

McGraw-Hill Revenues up 6% – Double Digit Growth in Commodities and Commercial Segment

The McGraw-Hill Companies (NYSE: MHP) reported record revenue of $1,331 million in the first quarter, an increase of 6% compared to the same period last year.  Net income from continuing operations was $123 million and diluted earnings per share were $0.43.  Excluding the impact of one-time costs related to the Growth and Value Plan, adjusted net income from continuing operations increased 19% to $144 million and adjusted diluted earnings ... Read More »

McGraw-Hill Consolidated Revenues for 2011 Grew by 3% – Operating Income Grew by 1%

Standard & Poor’s Ratings: Revenue in the fourth quarter decreased by 8% to $434 million, reflecting a decline in global credit markets. Excluding $9 million for severance costs for a workforce reduction of approximately 30 positions, operating profit declined by 24% to $156 million compared to the same period in 2010. For the full-year 2011, revenue for Standard & Poor’s ... Read More »

McGraw-Hill: Rating Services and Education Services Dent McGraw-Hill’s Q3 Revenue Growth

What a difference three months make!  Analytics, Information and Media lead with strong revenue growth.   Rating Services declined. “Overall, the business performed well despite challenging market conditions in global credit markets and historically low funding levels in the U.S. elementary-high school market. We are still on track for another year of growth in 2011, but we remain cautious over the ... Read More »

McGraw-Hill Companies Announces Comprehensive Growth and Value Plan to Increase Shareholder Value

The comprehensive growth and value plan entails three key elements: Spin-off of Education creating two industry-leading public companies, one focused on Key Global Markets (with financial services as a core element) and the other on Education Streamline operations and reduce cost Acceleration of share repurchasing to US$ 1 billion The announced plan is a response to Jana Partners proposal to ... Read More »

Activist Fund Jana Partners Publishes Details of Proposals to Break up McGraw-Hill Companies

According to the Financial Times (FT) Jana Partners have published  details of its proposals for the company in a regulatory filing on August 22nd, after presenting its ideas to McGraw-Hill’s management.  Jana argues that a four-way split would improve the allocation of capital and result in more focused management at the individual businesses.    McGraw-Hill has brought Goldman Sachs on ... Read More »

McGraw-Hill to Divest Broadcasting Business as Part of Portfolio Review

The McGraw-Hill Companies (NYSE: MHP) announced it has retained Morgan Stanley & Co. LLC to pursue the divestiture of its Broadcasting Group. The television stations in the Group are in desirable markets and should be attractive to strategic and financial buyers with a focus on media. The planned divestiture is part of a continuing portfolio review that McGraw-Hill is undertaking ... Read More »

McGraw Hill & Companies: Aviation Week Expands China Portfolio and Partnership

Aviation Week continues to reinforce its global presence in the Chinese business aviation market with new official media partnerships and an expanded portfolio linked to its long-standing Chinese partner, China Aviation Publishing & Media Co. Ltd. (CAPMC). In July, CAPMC will launch Business & General Aviation (BGA), a bi-monthly publication closely connected to Aviation Week’s Business & Commercial Aviation (BCA). ... Read More »